ECONOMY The official currency of Paraguay is the Guarani.Although Paraguay has many agricultural exports, they are ranked as the second poorest country in South America.Nearly 35% of the population of Paraguay lives in poverty, this is about 2.1 million people.Nest to the poverty level is the unemployment which is at a staggering 15%; meaning over 1 million people in Paraguay are without work (wiki).This may not seem like much considering 13 million are without jobs in the USA (Bureau of Economic Stat.), But Paraguay only has a population a little larger than that of Colorado, so this number becomes very shocking.
The official currency of Paraguay is the Guarani. Although Paraguay has many agricultural exports, they are ranked as the second poorest country in South America. Nearly 35% of the population of Paraguay lives in poverty, this is about 2.1 million people. Nest to the poverty level is the unemployment which is at a staggering 15%; meaning over 1 million people in Paraguay are without work (wiki). This may not seem like much considering 13 million are without jobs in the USA (Bureau of Economic Stat.), But Paraguay only has a population a little larger than that of Colorado, so this number becomes very shocking.
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